Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells 24,562 Shares of Stock

Posted by Dee Baugher on Aug 14th, 2024

Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) CEO Kelly Rodriques sold 24,562 shares of Forge Global stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1.31, for a total value of $32,176.22. Following the completion of the sale, the chief executive officer now directly owns 9,164,582 shares of the company’s stock, valued at approximately $12,005,602.42. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kelly Rodriques also recently made the following trade(s):

On Monday, August 12th, Kelly Rodriques sold 108,646 shares of Forge Global stock. The stock was sold at an average price of $1.23, for a total value of $133,634.58.
On Monday, July 22nd, Kelly Rodriques sold 65,109 shares of Forge Global stock. The stock was sold at an average price of $1.46, for a total value of $95,059.14.
On Monday, July 15th, Kelly Rodriques sold 150,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value of $213,000.00.
On Friday, July 12th, Kelly Rodriques sold 165,000 shares of Forge Global stock. The shares were sold at an average price of $1.41, for a total value of $232,650.00.
On Wednesday, July 10th, Kelly Rodriques sold 85,000 shares of Forge Global stock. The shares were sold at an average price of $1.39, for a total value of $118,150.00.
On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value of $92,300.00.
On Monday, June 3rd, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.53, for a total value of $38,250.00.
On Wednesday, May 22nd, Kelly Rodriques sold 33,762 shares of Forge Global stock. The stock was sold at an average price of $1.81, for a total value of $61,109.22.

Forge Global Price Performance

Shares of FRGE stock traded up $0.12 during trading hours on Tuesday, hitting $1.34. The stock had a trading volume of 333,980 shares, compared to its average volume of 608,027. Forge Global Holdings, Inc. has a one year low of $1.17 and a one year high of $4.02. The stock’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.75. The stock has a market capitalization of $242.59 million, a price-to-earnings ratio of -2.68 and a beta of 2.39.

Forge Global (NYSE:FRGE – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Forge Global had a negative return on equity of 29.55% and a negative net margin of 119.12%. The firm had revenue of $22.28 million for the quarter, compared to analysts’ expectations of $20.24 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. As a group, equities research analysts predict that Forge Global Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forge Global

Large investors have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC bought a new stake in Forge Global during the first quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its stake in Forge Global by 177.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,725 shares of the company’s stock worth $54,000 after acquiring an additional 10,058 shares during the last quarter. Arizona State Retirement System bought a new stake in Forge Global during the fourth quarter worth approximately $109,000. Price T Rowe Associates Inc. MD increased its stake in Forge Global by 29.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after acquiring an additional 7,663 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Forge Global during the second quarter worth approximately $53,000. 40.67% of the stock is owned by institutional investors.

Forge Global Company Profile

(Get Free Report)

Forge Global Holdings, Inc operates a financial services platform in California. The company's platform solutions include trading solutions, a platform that connects investors with private company stockholders and enables them to facilitate private share transactions; and custody solutions, a non-depository trust company that enables clients to securely custody and manage assets through an online portal.